When your credit score is good — generally defined as 670 to 739 — it opens up a lot more business loan opportunities than what is available to borrowers with lower scores. And if your score is very good to excellent — 740 to 850 — you have the best chance of qualifying for the lowest rates. Of course, you’ll still need to meet the lender’s minimum revenue and time-in-business requirements as well.
The lenders we chose for our list have a wide range of loan options and competitive rates for borrowers with good credit scores.
Lendio is a business loans marketplace, with multiple options for good-credit borrowers, including term loans, lines of credit, equipment financing and more. With a single application, you can get exposure to more than 75 lenders and some of the most competitive rates in the market. But some loan options are expensive, and marketplaces can open you up to a lot of loan solicitation
Loan amount
$1,000 – $5,000,000
APR
Varies by lender
Min. Credit Score
580
Lendio is a business loans marketplace, with multiple options for good-credit borrowers, including term loans, lines of credit, equipment financing and more. With a single application, you can get exposure to more than 75 lenders and some of the most competitive rates in the market. But some loan options are expensive, and marketplaces can open you up to a lot of loan solicitation
Pros
Wide variety of loan options
Competitive rates for good-credit borrowers
Fast funding possible
Cons
Some loan options are expensive
May attract excessive loan solicitations
Loan amount
$1,000 – $5,000,000
APR
Varies by lender
Min. Credit Score
580
Loan term
3 months to 25 years
Requirements
Operate business in US for 6 months or more, have a business bank account, minimum 580 personal credit score, at least $8,000 in monthly revenue.
Rapid Finance offers a range of short-term financing solutions, including merchant cash advances, business lines of credit and invoice factoring. And, while some of these options don't hinge on having good credit, it can certainly help you qualify for more competitive rates — especially for a line of credit. But not every type of funding is suitable for all businesses, it doesn't disclose rates and fees and some options may require weekly or even daily repayments.
Loan amount
$5,000 – $1,000,000
APR
Not stated
Min. Credit Score
600
Rapid Finance offers a range of short-term financing solutions, including merchant cash advances, business lines of credit and invoice factoring. And, while some of these options don't hinge on having good credit, it can certainly help you qualify for more competitive rates — especially for a line of credit. But not every type of funding is suitable for all businesses, it doesn't disclose rates and fees and some options may require weekly or even daily repayments.
Huntington Bank is an SBA preferred lender, meaning the application is fully in-house, and it can get you funded faster than a non-preferred lender. It offers SBA 7(a), 504 and Express loans, with amounts reaching as high as $5 million and competitive rates, particularly if your credit is good to excellent. But it doesn't give many details about eligibility, revenue and credit requirements. And, despite its preferred lender status, SBA loans can still take weeks to process. If you need fast funding, you may want to explore other options.
Loan amount
$5,000 – $5,000,000
APR
Varies
Huntington Bank is an SBA preferred lender, meaning the application is fully in-house, and it can get you funded faster than a non-preferred lender. It offers SBA 7(a), 504 and Express loans, with amounts reaching as high as $5 million and competitive rates, particularly if your credit is good to excellent. But it doesn't give many details about eligibility, revenue and credit requirements. And, despite its preferred lender status, SBA loans can still take weeks to process. If you need fast funding, you may want to explore other options.
Pros
Competitive rates
Wide range of loan amounts
Multiple loan options
Cons
Slower funding than most options
May require a down payment or collateral
Must also meet SBA loan requirements
Loan amount
$5,000 – $5,000,000
APR
Varies
Loan term
Up to 300 months
Requirements
Meet the SBA requirements for a government-backed loan
Bluevine offers business lines of credit (LOC) up to $250,000. And, unlike much of the competition, it doesn't charge set-up, maintenance, prepayment or account closure fees. It also offers competitive rates for good-credit borrowers, starting as low as 7.8%. But loan terms are shorter than some options — a maximum of 12 months — and you may be required to make weekly repayments.
Loan amount
$5,000 – $250,000
APR
Starting at 7.8%
Min. Credit Score
625
Bluevine offers business lines of credit (LOC) up to $250,000. And, unlike much of the competition, it doesn't charge set-up, maintenance, prepayment or account closure fees. It also offers competitive rates for good-credit borrowers, starting as low as 7.8%. But loan terms are shorter than some options — a maximum of 12 months — and you may be required to make weekly repayments.
Pros
Rates start at 7.8%
Fewer fees than other LOCs
Fast funding possible
Cons
Shorter loan terms than some competitors
May require weekly repayments
Rates could be high for lower credit scores
Loan amount
$5,000 – $250,000
APR
Starting at 7.8%
Min. Credit Score
625
Loan term
6 or 12 months
Requirements
12+ months in business, $10,000+ in monthly revenue, 625+ credit score
Wells Fargo caters to borrowers with good to excellent credit and offers business LOCs and SBA loans up to $15 million. It has competitive rates starting at the prime rate + 0.50%, and it offers both secured and unsecured options. But loans require either a personal guarantee or collateral, you need at least a 680 credit score to qualify — or higher, to qualify for the best rates — and rates can reach as high as 16.75%.
Loan amount
$5,000 – $100,000
APR
Prime + 0.50% to Prime + 9.75%
Min. Credit Score
680
Wells Fargo caters to borrowers with good to excellent credit and offers business LOCs and SBA loans up to $15 million. It has competitive rates starting at the prime rate + 0.50%, and it offers both secured and unsecured options. But loans require either a personal guarantee or collateral, you need at least a 680 credit score to qualify — or higher, to qualify for the best rates — and rates can reach as high as 16.75%.
Pros
Offers lines of credit and SBA loans
Low starting rates
Financing up to $15 million
Cons
Requires a personal guarantee or collateral
Rates up to 16.75%
Need 680 credit score or higher
Loan amount
$5,000 – $100,000
APR
Prime + 0.50% to Prime + 9.75%
Min. Credit Score
680
Loan term
12 to 60 months
Requirements
680+ credit score, 2 years in business
Loan amount
$5,000 – $100,000
APR
Prime + 0.50% to Prime + 9.75%
Min. Credit Score
680
Methodology: How we choose the best good-credit business lenders
Finder’s editorial experts review dozens of business loan providers before selecting the best lenders for borrowers with good to excellent credit. We pick lenders with a range of loan options, good customer service and competitive rates. We also review each company’s Better Business Bureau (BBB) reviews and Trustpilot ratings.
We weigh lenders and financing companies against these factors:
Time-in-business requirements
Annual revenue requirements
APRs
Fees, such as origination fees
Loan amounts
Repayment terms
Credit score requirements
Turnaround time
State availability
Application process
Lender reputation and customer reviews
What to compare between good-credit lenders
Once you’ve found the type of business loan you need, compare these factors to find the lender that offers the best terms.
Rates. Rates vary widely depending on the lender and loan type. For example, banks often have the most competitive rates, but online lenders can also have some great deals when your credit is good.
Fees. When your credit is good, you may be able to avoid some fees, such as origination fees, but it’s always a smart move to make sure you’re aware of any fees associated with the financing.
Turnaround time. How soon do you need access to capital? If you’re not in a hurry, SBA loans can have very competitive rates, but if you need faster funding, you’ll probably want to consider other options.
Loan terms. Business loans for good credit have terms that range from months to years, which also affects the size of your repayments. Consider how much time you’ll need to repay the loan so the payments fit into your budget.
Lender requirements. Research the minimum requirements for lenders to see if you qualify before applying. Most have specific, credit, revenue and time-in-business requirements you’ll need to meet.
What is a good-credit business loan?
Good-credit business loans are virtually any type of business financing that will give you the most competitive rate based largely on your personal credit score — as long as you meet the other requirements, too, of course.
While borrowers with good credit have access to some of the widest range of funding options available, gearing your search toward traditional bank term loans or lines of credit can help you find the lowest rates and fewest fees. But it’s always worth a look at online lenders as well because some may beat bank rates, especially if your credit is excellent.
Pros and cons of good-credit business loans
Pros
Low rates
Fewer fees
Wider range of loans and lenders to choose from
Cons
Taking on new debt can be risky
Must meet other minimum requirements to qualify
May need a down payment or collateral — even with good credit
Compare other good-credit business loans
Consider these lenders that may have options for good-credit borrowers.
We currently don't have that product, but here are others to consider:
How we picked these
What is the Finder Score?
The Finder Score crunches 12+ types of business loans across 35+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best business loans for startups loans, you can see how each business loan stacks up against other business loans with the same borrower type, rate type and repayment type.
Retail businesses or others that have a lot of credit card sales
How to qualify for a good-credit business loan
Lenders usually evaluate your credit score, revenue and how long you’ve been in business. You’ll typically need to exceed the lender’s minimum criteria to get the most competitive deal.
Credit score. Borrowers with credit scores of 700 or higher are most likely to qualify for the lowest rates.
Revenue. Revenue requirements vary depending on the lender, the type of loan and how much you want to borrow, but a good rule of thumb is $10,000 or more in monthly revenue.
Time in business. Some lenders may only require six months in business, but you’ll likely qualify for better rates if you’ve been in business for two years or more.
How to apply for a good-credit business loan
Follow these steps to apply:
Define your priorities. Ask yourself questions to figure out what’s most important to you. For example, are low rates more important than speed? Knowing what you want from a lender is key to narrowing down your choices.
Check your budget. Decide what you can afford by calculating your loan payments to make sure you can comfortably afford the financing.
Compare types of lenders. Start your search by comparing different types of business financing and lenders to see which offer the type of financing you need — and which might accept your business.
Compare actual lenders. Rule out any lenders that don’t offer the rates, terms and loan amounts you’re looking for or any provider you definitely can’t qualify with.
Prequalify. Reach out to your top choices to get an estimate of the types of rates you might receive. With some lenders, you can prequalify by filling out an online form. Others might require a phone call.
Apply. Fill out the loan application, submit your documents and wait for a decision. If approved, be sure to review your contract before signing.
Lacey Stark is a freelance personal finance writer for Finder, specializing
in banking, loans, investing, estate planning, and more. She has 20
years of experience writing and editing for magazines, newspapers, and
online publications. A word nerd from childhood, Lacey officially got her
start reporting on live sporting events and moved on to cover topics
such as construction, technology, and travel before finding her niche in
personal finance. Originally from New England, she received her
bachelor’s degree from the University of Denver and completed a
postgraduate journalism program at Metropolitan State University also
in Denver. She currently lives in Chicagoland with her dog Chunk and
likes to read and play golf.
See full bio
Term loans, lines of credit and real estate loans for established businesses.
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Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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